Baker Hughes Inc

Oil Gains As Bullish Bets On Rising Prices Hit Record High

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Oil prices rose on Monday as investors showed record confidence in prices rising further, though gains were capped by the prospect of faster growth in U. S. oil production. Brent crude oil LCOc1 rose 55 cents to $56.54 a barrel by 1053 GMT, while U.S. West Texas Intermediate CLc1 added 39 cents to $54.38. Money … Read more

U.S. Shale Oil Braces For the Unfamiliar In 2017

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U. S. shale producers are facing their first production cost increase in five years in 2017 as industry activity picks up and energy service providers hike fees to take a bigger share of the profits generated by higher oil prices. Drilling innovations over the past decade have generated a dizzying reduction in the cost of … Read more